Commodities (Crude Oil & Copper) & Macro Outlook

According to Business Insider, the S&P 500 fell 1.2% and the Nasdaq 100 plunged nearly 2% on July 23, while the "Magnificent Seven" tech stocks tumbled 4%, as two major market drivers shifted simultaneously. Rising Iran-U.S. tensions pushed crude oil past $100 per barrel, reigniting inflation

According to the Financial Times, on Monday, President Trump claimed the U.S. has earned over $13 billion from Venezuelan crude oil sales since the capture of former Venezuelan President Nicolas Maduro. Trump stated the funds have been used to sustain Venezuela's operations and that the U.S. has

South Korea's consumer sentiment index rose to 106.8 in July, up 0.2 points from the previous month, marking the third consecutive monthly improvement. The Bank of Korea attributed the increase to continued strong semiconductor-centered exports and investment, along with growing wage increase

On Monday (July 27), spot gold rose 0.60% to $4,076.96 per ounce in New York afternoon trading, after retreating from earlier Asia-Pacific gains. Spot silver rose 0.40% to $58.41 per ounce, trading in a range of $58.17-$60.09 before paring gains. COMEX gold futures advanced 0.19% to $4,137.70 per ou

According to Asia Economic Daily, U.S. stock indices closed mixed on July 27 as semiconductor weakness pulled Nasdaq down 0.18% to 24,932.08, while Dow Jones rose 0.51% to 52,210.08 and S&P 500 gained 0.02% to 7,413.18. International oil prices dropped sharply following eased tensions between the U.

Iran and Oman are in active negotiations to restart commercial shipping through the Strait of Hormuz, the narrow waterway that carries roughly 20 million barrels of oil per day — about a fifth of the world's daily petroleum consumption. The talks focus on establishing traffic management protocols an

President Trump expressed support for interest rate cuts on June 17, 2026, pressuring Fed Chair Kevin Warsh to lower rates despite inflation running above 4%. The Fed held rates steady at 3.5-3.75% during Warsh's first policy meeting, the day after Trump made his push for monetary easing. Bitcoin f

Iran and Oman are negotiating to restart commercial shipping through the Strait of Hormuz, which historically carries approximately 20 million barrels of oil per day. The talks follow disruptions earlier in 2026 when US-Iran hostilities choked the waterway, spiking oil prices and pressuring global e

U.S. grid operator PJM Interconnection LLC will launch an emergency power auction in September as part of its reliability backup program. The auction electricity pricing costs will be distributed among numerous data

WTI crude oil fell 9.00% during today's trading, currently trading at $81.16 per barrel.

Fanatics agreed Monday to acquire Water Street Labs, a CFTC-registered designated contract market, and CX Clearinghouse, a registered derivatives clearing organization, from Nasdaq-listed BGC Group. The sports betting platform said owning both the exchange and clearinghouse lets it list and settle e

According to CCTV, Saudi Arabia's Foreign Minister Faisal and Oman's Foreign Minister Badr discussed regional security and Hormuz Strait passage safety in a phone call on July 27. The two countries emphasized maintaining coordination and advancing diplomatic efforts to preserve regional stability an

According to ICE Futures Exchange, Brent crude oil for September delivery closed at $88.36 per barrel on July 27, down 8.7%, after the U.S. halted airstrikes on Iran over the weekend. West Texas Intermediate (WTI) crude for September delivery fell 7.5% to $82.61 per barrel on the New York

President Trump recently stated that the United States has sufficient gasoline supply to last 1,000 years.

According to Macquarie analysts, oil markets face a risk of shifting toward oversupply by year-end if the US-Iran conflict de-escalates before the midterm elections, which are less than 100 days away. As Washington faces mounting pressure to resolve the conflict ahead of the vote, conflict de-escala

According to CBOT data, soybean futures fell 3.33% on Monday, July 27, closing at $12.1150 per bushel. Soybean meal futures declined 3.31%, while soybean oil fell 3.44% during the session.

According to NYMEX, August gasoline futures closed at $3.3273 per gallon, while August heating oil futures settled at $4.1116 per gallon on July 27.

According to Shanghai Futures Exchange, crude oil futures for September 2026 delivery fell 4.5% to 539.60 yuan per barrel during overnight trading on July 27. Gold futures (Au99.99) declined 0.11%, while silver futures (Ag99.99) dropped 0.72% during the same